What Bumiputera representation issues did Saifuddin raise regarding digital banking licenses?

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Saifuddin Nasution said the five digital banking licences were granted with inadequate Bumiputera participation
Saifuddin Nasution recently denounced the five digital banking licences issued, arguing that they involved inadequate numbers of Bumiputera players. In his view, the composition of the licence beneficiaries did not provide enough Bumiputera representation across the conventional and Islamic banking consortiums.
He objected to the overall Bumiputera numbers among licence beneficiaries
He criticised the issuance of five digital banking licences on the specific point that the number of Bumiputera players was insufficient. His stance framed the problem as a representation gap rather than a dispute over the licences’ existence.
He pointed to the licence beneficiaries across conventional and Islamic banking
The beneficiaries he discussed included three consortiums for conventional banking: Boost Holdings Sdn Bhd/RHB Bank, GXS Bank Pte Ltd/Kuok Brothers Sdn Bhd, and Sea Limited/YTL Digital Capital Sdn Bhd. He also referenced two consortiums for Islamic banking licences: AEON Credit Service (M) Berhad/Money Lion Inc and KAF Investment Bank Sdn Bhd.
His argument focused on who was included, not on the number of licences
The issue he raised was not that there were too many or too few licences, but that the licences had been awarded in a way that did not ensure adequate Bumiputera participation. The claim was tied to the structure of the beneficiary consortiums tied to those five licences.

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What Bumiputera representation issues did Saifuddin raise regarding digital banking licenses?

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